Baruch S Blumberg Institute

Overview

Mission

The mission of the baruch s. Blumberg institute is to use discovery science to find new therapies for viral hepatitis and liver cancer; to advance its research discoveries through traditional scholarship and educational opportunities; to nurture biotechnology and to promote public health outreach programs to improve the quality of life for those affected by viral hepatitis.

What it reported doing in 2024

B. Labs at cira center - beginning in january 2022, bsbi replicated its successful life sciences incubator model by partnering with brandywine realty trust including the management of operations, providing of services to and recruitment of companies for the incubator.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 83% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
061671347
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-T 2022
Headquarters
Doylestown, PA, USA
Phone
2154894900
Rating
76
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Diseases of Specific Organ Research

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 88
  • Accountability: 72
  • Sustainability: 21
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.9%; rating input score 73
  • Program expense ratio: 68.4%; rating input score 68
  • Fundraising efficiency: $461.76 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.8%; rating input score 100; 37th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 10th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.1%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.7; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 15.8%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 12.4% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 10% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 72.9% of revenue deployed · 68.4% of spending went to programs
  • Governance: 6 of 10 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $10.2M in reported program spending
  • Leadership: top reported pay $355K · 16 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $319K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 annual filings from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 18 filed money-flow records
  • Related organizations: 11 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

16 people listed

Highest reported compensation

  • LOUIS P KASSA MPA (CEO/SECRETARY): $355,270 total reported compensation
  • JU-TAO GUO (PRESIDENT/SR VP FOR RESEARCH): $336,389 total reported compensation
  • RICHARD PESTELL (DISTINGUISHED PROFESSOR): $304,504 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.